Monday, April 19, 2010

Update Daily Investment News

Asia Stocks Face ‘Deteriorating’ Indicators: Technical Analysis
(Bloomberg) -- Asian stocks are facing “deteriorating” technical indicators that may halt a rally that lifted a regional benchmark index to the highest in almost 22 months, according to CIMB Investment Bank Bhd.

S&P 500 Index May Rise to 2007 Record Level: Technical Analysis
(Bloomberg) -- The Standard & Poor’s 500 Index is “days away” from breaching a key resistance point that augurs a climb to levels near its 2007 record high, according to Julia Lee, an analyst at Bell Direct, an Australian online brokerage.

Goldman Probes May Lead Global Stocks Lower, AMP Says (Update2)
(Bloomberg) -- Widening probes of Goldman Sachs Group Inc. may prompt a drop of as much as 10 percent in global stock markets, according to AMP Capital Investors Ltd., a unit of Australia’s biggest provider of pension plans.

Goldman Could Trigger Market Correction: Jim Rogers
Some expert investors have described the market's reaction to the SEC's accusations against Goldman Sachs as a 'storm in a teacup.' They believe the fallout would be short-lived, and eventually present buying opportunities.

What Goldman Means for Next Week
Regardless of how the Goldman Sachs news plays out, Cramer said Friday, investors have a chance to profit from it. Here’s his Game Plan for the coming week:

Halftime: Forget Fraud Freak-Out, Profit From The Panic!
Investors crushed Goldman [GS  160.70    -23.57  (-12.79%)   ] on Friday after the SEC charged the firm with fraud related to subprime mortgages. The news dragged down the Dow [.DJIA  11018.66    -125.91  (-1.13%)   ] by triple digits.But don’t freak out. You can profit while others panic.

Goldman Concerns Expected to Trump Good Earnings Week
Uncertainty surrounding Goldman Sachs will likely overshadow the positive news from dozens of major corporate earnings reports in the week ahead.

Charts: S&P Faces Big Correction, then 6-Month Stall
The S&P 500 rally is nearly exhausted and the index will soon see a big correction followed by six-month sideways move, independent trader Bill McLaren told CNBC Friday.

Sovereign Wealth Funds Grow by 19%, State Street Says (Update1)
(Bloomberg) -- Sovereign wealth funds in Asia- Pacific, Europe, Middle East and Africa increased assets by 19 percent over nine months, according to a survey of 12 clients by State Street Corp., the world’s third-largest custody bank.

Goldman Says Asian Currency Trades ‘More Risky,’ Rely on Yuan
(Bloomberg) -- Buying Asian currencies is a “more risky” investment after they strengthened above or close to levels seen before the global financial crisis, according to Goldman Sachs Group Inc.

Emerging Bond Inflows of $10.4 Billion Surpass 2005 (Update3)
(Bloomberg) -- Emerging-market bond funds received an unprecedented $1.8 billion in the past week, lifting 2010 inflows to a record, as high-yielding debt attracted global investors away from stocks, according to EPFR Global.

Ringgit May Weaken 2% to 2.2%: Technical Analysis (Update1)
(Bloomberg) -- Malaysia’s ringgit may decline 2 percent over the next 10 days to a level last seen three weeks ago, according to Okasan Securities Co. Ltd.

Palm Oil Drops to 11-Week Low as Commodities, Stocks Decline
 (Bloomberg) -- Palm oil tumbled to the lowest level in about 11 weeks, following declines in commodities and stocks after the Securities and Exchange Commission sued Goldman Sachs Group Inc. for fraud and China curbed property loans.

Oil Falls a Third Day on Speculation Gains Have Outpaced Demand
(Bloomberg) -- Crude oil fell for a third day on speculation the commodity’s climb to an 18-month high has outpaced a recovery in global demand.

Aussie Drive to Parity Derailed by Yuan, Rate Outlook (Update1)
(Bloomberg) -- The Australian dollar’s push to parity with the U.S. dollar is in jeopardy as central bankers signal they may slow the pace of interest-rate increases and China moves closer to revaluing the yuan.

Goldman Case Won’t Prompt Hedge Fund Gold Sales, Superfund Says
(Bloomberg) -- A fraud suit by U.S. regulators against Goldman Sachs Group Inc. is unlikely to send hedge funds scrambling to reduce gold holdings, according to Superfund Financial Singapore Pte.

China Index Futures May Tame Bubbles, Macquarie (Update1)
(Bloomberg) -- China’s stock-index futures will allow investors to hedge risks from potential asset bubbles and make equities cheaper in the long-term, according to Macquarie Group Ltd., Australia’s largest investment bank.

Commodity Inflows Slowed in Quarter, Barclays Says (Update1)
(Bloomberg) -- Commodities attracted $11.6 billion in the first quarter, down from $18.5 billion in the previous three months, with less money going into exchange-traded products tracking gold and oil, Barclays Capital said.

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